TORONTO, ONTARIO--(Marketwired - March 16, 2017) -RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.PR.C) today announced $0.29375 per preferred unit, Series C (the "Series C Units") for the quarter ending March 31, 2017. The distribution will be payable on March 31, 2017 to unitholders of the Series C Units of record as at March 31, 2017 for RioCan's outstanding preferred trust units.

About RioCan

RioCan is Canada's largest real estate investment trust with a total enterprise value of approximately $14.6 billion as at December 31, 2016. RioCan owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 300 Canadian retail and mixed use properties, including 15 properties under development, containing an aggregate net leasable area of 47 million square feet. For further information, please refer to RioCan's website at www.riocan.com.